What's The Used Market Like At This Time Of Year
What's The Used Market Like At This Time Of Year
Author
Discussion

Clad-Hach

Original Poster:

122 posts

6 months

Tuesday 14th October
quotequote all
Hi all,

My 675 Triumph Street Triple R needs to go to a new home, I've been away from the bike market for a number of years and I am wondering what the used market is like just now.

I realise waiting to the spring might be better as this has always been peak bike buying time.

Rubin215

4,177 posts

174 months

Tuesday 14th October
quotequote all
At this time of year, the market is pretty dead.

Sharks like me will happily make you a silly offer, secure in the knowledge that if you do take it and the bike turns out to be a bit st we can still sell it on again for a profit next spring.

Stick it in the garage, pull it out again here and there, to tidy it up and fix any little issues and then you will sell it for top dollar next year.

Biker9090

1,602 posts

55 months

Tuesday 14th October
quotequote all
Pretty bad. I've seen quite a few of all descriptions massively cut in price as they're not selling.

Seems some of the covid pricing lunacy has subsided finally.

OutInTheShed

12,438 posts

44 months

Tuesday 14th October
quotequote all
Thing is, there is no guarantee prices will be higher in the spring.

The OP's bike will be a year older then. It will have sat around gathering dust, maybe a little corrosion, definitely moving towards another expensive time-based service. New models will be around.

The way the economy is going, I don't think people will be more affluent in the spring.

the cueball

1,607 posts

73 months

Tuesday 14th October
quotequote all
I've got a good last of the Gen 5 VFR's for sale, only 29k miles... done a lot of work on it, just MOT'd and up for a good price (that'll I'll lose money on) and I've not had 1 bite..

Up on various FB groups and Marketplace.

Even "webuyanybike" type places haven't emailed me back... hehe



Linksmas

3,127 posts

233 months

Tuesday 14th October
quotequote all
webuyanybike offered me a price that translated as "fk off". Another one was more polite and said "we're not looking for that sort of bike currently"

So either dealers aren't buying stock at auctions, I'm about to take a big bath when I sell it, or a £3k bike only works as a private sale now, not trade.

mikey_b

2,388 posts

63 months

Tuesday 14th October
quotequote all
Linksmas said:
webuyanybike offered me a price that translated as "fk off". Another one was more polite and said "we're not looking for that sort of bike currently"

So either dealers aren't buying stock at auctions, I'm about to take a big bath when I sell it, or a £3k bike only works as a private sale now, not trade.
Haha, that's what they said when I plugged in the details of my Tiger Sport. With a whisker under 80k on the clock, I don't think it's the sort of thing any dealer will want.

Luckily, it still suits me just fine, and with it's value close to zero in commercial terms I'll probably keep it forever.

Shooter McGavin

8,416 posts

162 months

Tuesday 14th October
quotequote all
There are currently 285 Street Triple 675s of various flavours for sale on Bike Trader in the UK, so I would say it is a buyer's market, absolutely spoilt for choice if you want one!

They aren't really the kind of bike that many people want to buy and ride through winter though, are they?

I know there will be an Iron Butt out there who is still doing 1k miles a week on one throughout January but in the main they are a summer plaything.

Xcore

1,417 posts

108 months

Tuesday 14th October
quotequote all
Think I paid 3.5k for a abs 675r at the start of the season this year if that’s any help.

Noticing quite afew bikes on eBay being relisted, might send one a cheeky offer!

Clad-Hach

Original Poster:

122 posts

6 months

Tuesday 14th October
quotequote all
Christ...it seems all doom and gloom.

Its a 2011 and I've owned it since new 8k miles black with gold wheels, what it does have going for it is its minted it looks like new, I'd go as far as say you won't find a nicer one...but someone need to want it which is the hard bit.

I've been having a look at the prices, they are all over the shop dealers wanting over £4k and I've seen some as low as £2500...the dilemma is where to price it.


Anyway thank's for all the replies...smile

OutInTheShed

12,438 posts

44 months

Tuesday 14th October
quotequote all
So, it's a 14 year old bike.

A dealer will want good money for one, because with the Consumer Rights Act, there's an implicit 6 month warranty.

It seems to me reasonable that privately it's worth a chunk less.

I was in the same position with my bike a few years ago, I decided it was hardly worth selling, so I kept it. It's not depreciating any more, it is back up transport, it's cheap to insure, only negative is paying tax every year for not many miles. I've had a few good rides on it since, so I don't regret it.

Tam_Mullen

2,566 posts

190 months

Thursday 16th October
quotequote all
the cueball said:
I've got a good last of the Gen 5 VFR's for sale, only 29k miles... done a lot of work on it, just MOT'd and up for a good price (that'll I'll lose money on) and I've not had 1 bite..

Up on various FB groups and Marketplace.

Even "webuyanybike" type places haven't emailed me back... hehe
You're not that far away from me and I've actually looked at the ad before.

If it was a Gen 6 I think we would have met already hehe

alan36

472 posts

202 months

Thursday 16th October
quotequote all
Clad-Hach said:
Christ...it seems all doom and gloom.

Its a 2011 and I've owned it since new 8k miles black with gold wheels, what it does have going for it is its minted it looks like new, I'd go as far as say you won't find a nicer one...but someone need to want it which is the hard bit.

I've been having a look at the prices, they are all over the shop dealers wanting over £4k and I've seen some as low as £2500...the dilemma is where to price it.


Anyway thank's for all the replies...smile
When you advertise let me know as I might be interested.

jj.

573 posts

288 months

Thursday 16th October
quotequote all
the cueball said:
I've got a good last of the Gen 5 VFR's for sale
I've just sold my Gen 6 VFR - Immaculate (in red) 9.5k miles, clean in all areas (even with original dealer plate on it), I was surprised how little response I got. Had it up for £3.6k, dropped to £3.4k and took £3250.
Only had one chancer come to look at it initially and wanted £600 off, told him no, couple of silly offers £1k off without seeing it, and trying to justify the price drop. Bike was v.vgood. Had it advertised from end of July for just over 2 months. Was very surprised, last chap was over the moon and took it away same day. Said he discounted it initially due to the low milage for a bike that was almost 20 years old, condition looked like only 5 years old. Made me realise when I buy again, the market is a buyers market and not sellers.
jj

Biker9090

1,602 posts

55 months

Thursday 16th October
quotequote all
Saw someone whinging on a Triumph group today about having bought an Explorer GT lasy year at 15k and he was offered 8.5k today

clive_candy

882 posts

183 months

Thursday 16th October
quotequote all
Toying with the idea of buying something for next year, thought I'd have a look at the 675s on Autotrader.

60 within 100 miles of me but only 3 private sales. Surprising.

And private sellers don't do themselves any favours when the headline pic is a front three-quarters shot. Make it a side-on for crying out loud.

the cueball

1,607 posts

73 months

Thursday 16th October
quotequote all
Tam_Mullen said:
You're not that far away from me and I've actually looked at the ad before.

If it was a Gen 6 I think we would have met already hehe
Booo, hissss.... Gen 5 is much better, etc etc... and other sales pitch slogans.. hehe

hellsbuddha

298 posts

261 months

Back to the OP, I may well be interested, found the pics on another page.

You can email me via the site.

Having had 2, I may go for another, shame I sold all my bits

Edited by hellsbuddha on Sunday 19th October 14:32

Hugo Stiglitz

39,892 posts

229 months

Im in the market for a private sale circa 1,000cc and many are either priced at 'look its a free ad (facebook) so I'll price it strongly or dealers who bought in at x and need x + × to cover overheads.

I'll probably end up buying when theres snow on the ground laugh

NITO

1,236 posts

224 months

Biker9090 said:
Pretty bad. I've seen quite a few of all descriptions massively cut in price as they're not selling.

Seems some of the covid pricing lunacy has subsided finally.
This IMHO, the budget will probably cause another downward shock too. Lots of auction bikes not even meeting reserves or selling for very fair money unless really desirable, those bikes seem to be maintaining a half decent price still.

Deffo a buyers market, but a lot of owners would probably rather hang on than take the hit, unless they have to. Those who paid a high premium for desirable bikes can probably just sit on them but will they hit those highs again, who knows?! It's a dwindling market.